New funding priorities

The Sylvia Adams Charitable Trust has completed its strategic review. It will now have very specific funding priorities and the total grant budget will be reduced from that of recent years to reflect the Trust’s current financial resources. To maximise the impact of reduced funding, the Trust is moving towards preventative work in the two areas of concern. It will be accepting applications for work which is designed to improve the life chances of some of the most disadvantaged 0-3 year olds in England and Wales by investing in early intervention. And, the Trust will also be funding work to support and inform families and communities particularly at risk of autosomal recessive conditions.

18 December 2015 Read the full article

New Beginnings Fund: supporting refugees & their communities

Funders interested in working collaboratively to support refugees may be interested in a new pooled fund due to be launched by Comic Relief, the Paul Hamlyn Foundation, Barrow Cadbury Trust and UK Community Foundations. The fund is designed to provide support to small local groups working to welcome refugees and asylum seekers into their communities. It is hoped that the fund can be launched in January with a view to making the first grant decisions in March 2016.

15 December 2015 Read the full article

Charities Bill update

The Charities (Protection and Social Investment) Bill for England and Wales has received its second reading in the House of Commons. The Bill is designed to strengthen the powers of the Charity Commission, exclude those convicted of criminal offences from being trustees, and introduce a new power for trustees to make social investments. While welcoming many of the provisions, ACF retains some concerns in line with its previous consultation response, submitted when the Bill was at draft stage, including the power to issue statutory warnings without a right of challenge. ACF will continue to keep members informed of any developments related to the Bill.

15 December 2015 Read the full article

Autumn Statement summary

Last month’s joint spending review and autumn statement contained a number of announcements that may be of interest to members, including the announcement of an upswing in funding to the Arts Council, national museums and galleries, clarifying that this would not be achieved through the redistribution of money from the Big Lottery Fund; £105m pledged in support of social impact bonds, to be spread across the remainder of the parliament; and funding for the Charity Commission for England & Wales was frozen at £20.3m a year until 2019/20, an estimated 8-9% cut in real terms over the next five years.

15 December 2015 Read the full article

Move to FRS 102 based SORP

All charities will be required to adopt a Statement of Recommended Practice based on the FRS 102 accounting standard, the SORP Committee has confirmed. The decision, which will apply for reporting periods beginning on or after the 1 January 2016, follows a consultation that took place earlier this year. The move will mean that the Financial Reporting Standard for Smaller Entities, or FRSSE, will no longer be an available option.

15 December 2015 Read the full article

CCNI launches online accounts

The Charity Commission for Northern Ireland has announced that it will allow access to charity accounts online. Following a redesign of its digital platform, aimed at improving accessibility and transparency, all registered charity accounts will now be viewable on its website, bringing the regulator in line with the Commission for England and Wales.

15 December 2015 Read the full article

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